The B-C government is doing away with self-regulation in the real estate industry. The province has announced it will strip the B-C Real Estate Council of its rule-making authority and hand the power over to a new government body. finance Minister Mike de Jong says the change is necessary to restore consumer confidence. (The move comes one day after an independent advisory group released a report recommending sweeping changes, including hefty fines for misconduct.)

Date: 2016-06-29
Placeline: VANCOUVER.
Source: The Canadian Press
Length: 19 seconds

Transcript Prediction: << at a time when home prices have been rising at an unprecedented rate it is fundamentally important when people seek professional guidance in the purchase or sale of a home that they can have confidence that their realtor is acting ethically and in their best interest >>

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